Fast Lending Today

THIS IS AN ADVERTORIAL AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE.

emergency5krelief.com (the "website") is not an offer or solicitation to lend. The website only provides a service and is not an agent, representative, or broker of any lender and does not endorse or charge you for any loan or product. The website operators are not lenders, do not make loans of any type, and do not make credit decisions.

The website collects personal information provided by you and forwards it to partners in our lender network. You are under no obligation to use this website or service to initiate, contact, nor apply for credit or any loan product with any service provider or lender. Loan amounts vary from $500 and $35,000 but not all lenders can provide up to $35,000. Providing your information on the website does not guarantee you will be approved for a loan or credit product.

Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required. If you have any questions, contact your lender directly for details, questions, or concerns regarding your loan or credit product. Short-term cash loans are meant to provide you with short-term financing to solve immediate cash needs and should not be considered a long-term solution.

This service and lenders are not available in all states. Lenders may perform credit checks with the three credit reporting bureaus: Experian, Equifax, or Trans Union or may perform alternative credit checks or consumer reports through alternative providers. By submitting your request, you acknowledge, agree, and authorize that (a) your information may be sent to lenders and/or third-party partners on your behalf, and (b) such lenders may obtain consumer reports and related information about you from one or more consumer reporting agencies, such as TransUnion, Experian and Equifax to evaluate your creditworthiness.

Borrowing money isn’t as nefarious a thing as people seem to think. In fact, it can even be beneficial — if done right. When borrowing money, it’s important to keep a few things in mind in order to ensure that you’re not digging yourself into a hole. Below are a few tips and tricks to help you manage your loan effectively.

1. Say “no” to variable rate loans

If you’re already in a precarious financial situation, it’s best to avoid variable rate loans at all costs. Although there might be some upfront benefits to them (like low interest rates at the start of the loan period), they’re too unpredictable and risky. It’s always best to know exactly what you’re getting yourself into, so that you’re able to budget accordingly.

2. Don’t worsen your debt with more debt

It goes without saying that borrowing more than you can afford to pay is unwise. Similarly, borrowing money in order to pay off another debt will only serve to lighten your worries temporarily. But don’t fall into this trap — it will only worsen your situation in the long run. If your debt-to-income ratio is anything over 50%, it’s high time you reconsider your options. Either revise your budget or book an appointment with a Licensed Insolvency Trustee.

3. Pay off more than just the minimum payments each month

This may seem like an obvious tip, but you’d be surprised by how many people neglect to do this. Although only paying the minimum payments isn’t going to negatively affect your credit score, putting a little extra cash towards your loan will mean that you’ll be paying less interest down the line. This doesn’t mean that you should double the minimum payment on your loan per month, but it would be beneficial to put whatever extra cash you have left over from your budget towards your debt.

4. Always read the fine print and negotiate

It may seem like you’re getting a really good deal, but you’d be surprised by the number of times people get themselves into trouble only because they didn’t read the fine print of their agreement. Always ask questions, and if you don’t fully understand the agreement, contact a professional. It would also be extremely beneficial to negotiate your terms by asking for a lower interest rate so that you’ll pay less in the long run.

5. Only aim to use 35% or less of your total available credit

This is a tip that not many people are even aware of. After all, if you’re offered a certain amount of credit, why shouldn’t you be able to use most, if not all of it? Little do people know that using over 35% of your total available credit can have a negative impact on your credit score because it tells loaners that you’re in a precarious financial situation. So if you’re trying to improve your credit score, think again before adding another purchase to your credit card!

6. Don’t hesitate to ask for assistance

Borrowing money, if done correctly, can have some benefits. It can help you build up your credit score, or even increase your net worth. But if done incorrectly, it can have serious effects on your financial health as well as your mental health. That’s why if you feel like you’re stuck in a situation in which you can only handle your current debt with more debt, ask for help as soon as you can.